Five Arab countries were represented in a pavilion organized by the Arab-Brazilian Chamber of Commerce at the food industry exhibition. Companies including Tunisia’s Riviere d’Or olive oil and Lebanon’s Sahtayn Foods found new retail channels at Anuga.
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The food industry show ending this Thursday (9) in São Paulo featured an area and a forum focusing on the Islamic market, cementing its status as a source of information for businesses in the sector.
Iraq’s Oil Ministry said it has started sending tanker trucks carrying oil to Syria. Iraq depends on the Strait of Hormuz for exports, while Syria has a Mediterranean coastline.
In Brazilian agribusiness, the war in the Middle East creates uncertainty over urea supply, affects diesel prices used in the field, and is already impacting logistics. Brazil’s agribusiness lobby, CNA, analyzes the effects.
The Organization of the Petroleum Exporting Countries made the decision after oil exports through the Strait of Hormuz, a tanker route, were halted due to the conflict in the Middle East.
Brazilian exports to the Arab market grew 10% compared to January of last year, reaching a total of USD 1.98 billion. Imports are declining.
The Gulf country was the top destination of Brazilian exports in January. Saudi Arabia was the third-largest customer, according to ABPA.
Egypt, Saudi Arabia, Algeria, the United Arab Emirates, Lebanon, and Libya are among the 20 leading destinations of the product, which reached a record export volume in September.
Brazilian machinery and equipment industries saw a rise in revenue from foreign markets in August, according to ABIMAQ data.
The Secretary of International Relations of Brazil’s Ceará sate, Roseane Medeiros, visited the Arab-Brazilian Chamber and discussed joint actions to grow her state’s economic relations with Arab countries.
With Jordan removing restrictions on the entry of Brazilian chicken into its market on Tuesday (15), there are now eight Arab countries with no restrictions on imports. The bans had been imposed due to an avian flu outbreak.
The Arab-Brazilian Chamber is organizing events focused on agrifood companies in Belo Horizonte on July 1 and in Uberlândia on July 3. Registration is open.
From January to April of this year, USD 54.6 million worth of fertilizers got shipped from the North African country to Brazil, a 44.2% increase from a year ago.
Supported by the Arab-Brazilian Chamber, the Brazilian chemical company made a trip last month to the United Arab Emirates, Egypt, and Saudi Arabia, during which it found a distributor and closed a sale. The company is considering opening a facility in the region.
